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BINARY OPTIONS INSIGHTS FOR OCTOBER 16TH 2015

BitCoin/CNY 6273.870 21:00 24.01
WELLS FARGO 54.700 21:00 24.01
USD/CHF 1.00085 21:00 24.01
TOYOTA (US) 117.620 21:00 24.01
SONY 30.485 21:00 24.01
SILVER 17.118 21:00 24.01
GOLD 1209.957 21:00 24.01
COLGATE-PALMOLIVE 68.265 21:00 24.01
FIAT CHRYSLER 10.89 21:00 24.01
LOCKHEED MARTIN 252.895 21:00 24.01
FERRARI 62.695 21:00 24.01
TSX 60 924.440 21:00 24.01
AUD/NZD 1.04665 21:00 24.01
ALIBABA 101.450 21:00 24.01
BOEING 160.540 21:00 24.01
NZD/USD 0.72463 21:00 24.01
BANK OF AMERICA 22.945 21:00 24.01
PFIZER 31.155 21:00 24.01
CAD/JPY 86.432 21:00 24.01
NZD/JPY 82.435 21:00 24.01
AUD/USD 0.75845 21:00 24.01
AUD/JPY 86.280 21:00 24.01
GBP/JPY 142.263 21:00 24.01
GENERAL ELECTRIC 29.990 21:00 24.01
S&P 500 2280.120 21:00 24.01
JP MORGAN CHASE 84.715 21:00 24.01
GOLD/EUR 1127.335 21:00 24.01
USD/JPY 113.763 21:00 24.01
EUR/JPY 122.101 21:00 24.01
CITIGROUP VS JP MORGAN CHASE 0.67015 21:00 24.01
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By: Adam Stone
October 16th, 2015 5:53am GMT, London UK

Market Recap & Outlook:

The Tertiary Industry Index out of Japan for the month of August posted a surprise increase of 0.1% month-over-month. Despite the better-than-expected reading, it marked a slowdown over the 0.2% increase which was released in July. The increase reported for August did beat expectations for a level of 0.0%. What is the best trading platform? GOptions provides its traders with one of the most sophisticated trading platforms available on the market today.

The Empire Manufacturing Index out of the United States for the month of October came in at a level of -11.36 and the Philadelphia Federal Reserve Index was reported at -4.5. Economists anticipated a bigger slowdown in the rate of contraction to a level of -8.00 and -2.00. September’s data remained unrevised and at a level of -14.67 for the Empire Manufacturing Index and -6.0 for the Philadelphia Federal Reserve Index. The twin reports confirm the steep economic contraction in the US.

Remaining with data out of the US which shows an economy in contraction, today’s report on industrial production, manufacturing production and capacity utilization for September is set to follow that pattern. Industrial production is expected to post a contraction of 0.3% while manufacturing production is anticipated to contract by 0.2%. This would represent a slower rate of contraction over the 0.4% and 0.5% contraction which was reported in August respectively. Capacity utilization is called in at 77.3% for September following the 77.6% released in the previous month.
Today’s Binary Option Trading Recommendations Overview:
• USD/JPY – Binary Call Option
• EUR/GBP – Binary Call Option
• USD/CHF – Binary Call Option
• Silver – Binary Put Option
• S&P 500 – Binary Put Option

Currency Pairs on today’s Radar Screen:
USD/JPY – The USD/JPY accelerated to the upside after recording its intra-day low of 118.061 yesterday on October 15th 2015. The 50 Day Moving Average (DMA) remains below the 200 DMA and both moving averages are descending. The Accelerator Oscillator (AC) shows the build-up in positive momentum and the Relative Strength Index (RSI) is trading in neutral territory as a result of the advance from extreme oversold conditions.

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its 50 DMA, but below of its 200 DMA. The USD/JPY is anticipated to extend its advance into its horizontal resistance level. Binary option traders are advised to seek binary call options in the USD/JPY currency pair on dips below 119.250 on the H1 Hourly Chart. The upside potential for this binary call option is 125 pips to 120.500 while the downside potential is 50 pips to 118.750. This results in a risk/reward ratio of 2.50.

USDJPY

EUR/GBP – The EUR/GBP completed a breakout above its horizontal support level which resulted in a momentum change from negative to positive. The descending 50 DMA is approaching the 200 DMA which is drifting sideways. The AC has formed a positive divergence supporting an advance while the RSI is trading in oversold conditions following the breakout above extreme oversold territory which added to the increase in upside pressure.

Today’s Binary Options Trading Strategy: Call Option
Price action is now trading above of its horizontal support level. The EUR/GBP is expected to drift into its 200 DMA from where a breakout is favored. Binary option traders are advised to seek binary call options in the EUR/GBP currency pair on dips below 0.7370 on the H1 Hourly Chart. The upside potential for this binary call option is 120 pips to 0.7490 while the downside potential is 35 pips to 0.7335. This results in a risk/reward ratio of 3.43.

EURGBP

USD/CHF – The USD/CHF started to drift above of its horizontal resistance level following its intra-day low of 0.9476 which was reached yesterday on October 15th 2015. The 50 DMA continues to trade below the 200 DMA as the downside move in both moving averages persists. The AC indicates the increase in upside pressure for this currency pair. The RSI is trading in neutral territory after advancing from extreme oversold conditions.

Today’s Binary Options Trading Strategy: Call Option
Price action is currently trading above of its horizontal support level with an increase in positive momentum. The USD/CHF is anticipated to advance until it can challenge its horizontal resistance level. Binary option traders are advised to seek binary call options in the USD/CHF currency pair on dips below 0.9525 on the H1 Hourly Chart. The upside potential for this binary call option is 235 pips to 0.9760 while the downside potential is 65 pips to 0.9460. This results in a risk/reward ratio of 3.62.

USDCHF

Today’s Commodity Trade
Silver – Silver broke down below its horizontal resistance level which changed momentum to negative as the uptrend has been challenged. The ascending 50 DMA maintains its position above the 200 DMA which is moving higher as well. The AC points towards the formation of a negative divergence in this precious metal. The RSI is trading in neutral conditions as a result of the move to the downside from overbought territory.

Today’s Binary Options Trading Strategy: Put Option
Price action is now trading just below of its horizontal resistance level. Silver is expected to collapse to the downside from current levels until it can test its horizontal support level. Binary option traders are advised to seek binary put options in Silver on rallies above 16.000 on the H1 Hourly Chart. The downside potential for this binary put option is 60 pips to 15.400 while the upside potential is 20 pips to 16.200. This results in a risk/reward ratio of 3.00.

Silver

Today’s Equity Index Recommendation
S&P 500 – The S&P 500 is trading inside of its horizontal resistance level which is favored to prevent a continuation of the advance. The 50 DMA as well as the 200 DMA continue to drift higher. The AC supports a counter-trend move from current levels as negative momentum is on the rise as the RSI is trading in overbought territory following the breakdown below extreme overbought conditions. Stock option trading strategies should add this equity index to their trading portfolios.

Today’s Binary Options Trading Strategy: Put Option
Price action is currently trading inside of its horizontal resistance level while downside pressure is accumulating. The S&P 500 is anticipated to enter a corrective phase from current levels. Binary option traders are advised to seek binary put options in the S&P 500 equity index on rallies above 2,020.00 on the H1 Hourly Chart. The downside potential for this binary put option is 5,000 pips to 1,970.00 while the upside potential is 2,275 pips to 2,042.75. This results in a risk/reward ratio of 2.20.

SP 500

Key Fundamental Data:
Japan – For the week ending October 9th 2015, bond holders bought ¥1,057.0 billion worth of foreign bonds which followed the previous week’s downward revised sale of ¥1,255.9 billion. Equity investors purchased ¥105.0 billion worth of foreign stocks after the prior week’s upward revised purchase of ¥612.3 billion.
Eurozone – Expectations for the Austrian consumer price index (CPI) call for a contraction of 0.3% month-over-month and an increase of 0.8% year-over-year. This would mark an increase over the 0.2% contraction and a decrease over the 1.0% increase reported for August respectively.
Eurozone – The Italian trade surplus for August is anticipated to decrease to €3.20 billion following July’s surplus of €8.03.
Eurozone – Economists expect the Eurozone trade surplus for August to clock in at €20.0 billion. This would represent a smaller surplus over July’s level of €31.4 billion.
Eurozone – The consumer price index (CPI) for September is anticipated to rise by 0.2% month-over-month following the level of 0.0% reported in August. The final revision for the CPI as well as core CPI is favored to confirm the previously reported contraction of 0.1% and increase of 0.9% for September year-over-year.
Russia – Expectations for the consumer price index (CPI) call for an increase of 0.3% month-over-month and 13.2% year-over-year in September. This would mark an up-tick over August’s level of 0.1% and a slowdown over the 13.7% increase reported in August respectively.
United States – JOLTS job openings are set to decrease to 5.600 million in August following July’s level of 5.753 million.
United States – The preliminary University of Michigan Consumer Confidence Index for September is anticipated to increase to a level of 89.0 from August’s level of 87.2.
United States – Expectations for August overall net capital flows call for a decrease to $38.7 billion as net long-term TIC flows are expected to increase to $27.6 billion. This would follow July’s level of $141.9 billion and $7.7 billion respectively. Foreign bond investments are anticipated to increase by $19.5 billion in August after posting a contraction of $28.7 billion in July.

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
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